Colliers International Group (NASDAQ:CIGI) PT Raised to $174.00 at Royal Bank of Canada

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) had its price objective lifted by Royal Bank of Canada from $160.00 to $174.00 in a report issued on Monday, Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 17.73% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. StockNews.com cut shares of Colliers International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Stifel Nicolaus lifted their price objective on shares of Colliers International Group from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Scotiabank upped their target price on Colliers International Group from $150.00 to $155.00 and gave the stock a “sector outperform” rating in a report on Friday, August 2nd. National Bankshares increased their target price on Colliers International Group from $125.00 to $137.00 and gave the company a “sector perform” rating in a research report on Friday, August 2nd. Finally, Raymond James lowered Colliers International Group from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $150.00 to $160.00 in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.33.

Colliers International Group Stock Performance

Colliers International Group stock opened at $147.80 on Monday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $7.23 billion, a PE ratio of 72.10 and a beta of 1.49. The company has a 50 day moving average price of $145.75 and a 200-day moving average price of $126.83. Colliers International Group has a fifty-two week low of $83.38 and a fifty-two week high of $154.11.

Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.01). Colliers International Group had a net margin of 3.20% and a return on equity of 23.60%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm earned $1.21 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities analysts forecast that Colliers International Group will post 5.66 earnings per share for the current year.

Hedge Funds Weigh In On Colliers International Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Colliers International Group by 575.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 243 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 207 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Colliers International Group by 3,377.8% during the second quarter. Blue Trust Inc. now owns 313 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 304 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Colliers International Group by 252.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 441 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 316 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Colliers International Group during the first quarter valued at about $118,000. Finally, Tobam raised its position in shares of Colliers International Group by 185.5% in the 1st quarter. Tobam now owns 1,302 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 846 shares during the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

About Colliers International Group

Colliers International Group Inc provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers outsourcing and advisory services, such as engineering and project management, property management, valuation, and other services, as well as loan servicing for commercial real estate clients.